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On August 1, Rogers Magazine Company receives annual subscriptions totaling $877,200. The first issue will be received by the subscriber one month after the money

On August 1, Rogers Magazine Company receives annual subscriptions totaling $877,200. The first issue will be received by the subscriber one month after the money is received. Rogers Magazine Company's fiscal year ends December 31. Required: How much revenue would Rogers recognize from this amount for the current year?

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